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LaSalle LOGIPORT spends ¥15B on 2 properties in Japan

LaSalle LOGIPORT REIT completed the acquisition of two Japanese properties from Logistics fudosan-hanbai GK for a ¥15.05 billion collective sum.

The industrial real estate investment trust paid ¥6.90 billion for the LOGIPORT Hiratsuka-shinmachi property in Hiratsuka, Kanagawa, and ¥8.15 billion for the LOGIPORT Sakai-minami-jimacho asset in Sakai, Osaka.

According to an earlier release, the assets will generate a net of investment yield for the trust worth 4.8%.

As of March 2, US$1 was equivalent to ¥105.54.